Core Insights - Agnico Eagle Mines reported strong third-quarter results, with net income reaching $1.06 billion or $2.10 per share, driven by high gold prices and strong production [1][2] - The company established a new subsidiary, Avenir Minerals, to consolidate its investments in critical minerals, with an initial portfolio valued at approximately $80 million [7][8] Financial Performance - The third-quarter operating cash flow was $1.82 billion, and free cash flow was $1.19 billion, benefiting from increased production and higher gold prices [1] - Cash costs were reported at $994 per ounce, while all-in sustaining costs were $1,373 per ounce, with an average realized gold price of $3,476 per ounce [3] Production and Cost Guidance - Agnico reaffirmed its 2025 production target of 3.3–3.5 million ounces, with costs expected to be at the upper end of the range due to higher royalty-linked expenses [4] - The company anticipates capital spending for the year to be between $1.75 billion and $1.95 billion, excluding capitalized exploration costs of approximately $290–$310 million [4] Balance Sheet and Shareholder Returns - The company strengthened its balance sheet, increasing its cash position to $2.36 billion and reducing long-term debt to $196 million, resulting in a net cash position of $2.16 billion [5] - A quarterly dividend of 40 cents was declared, and over one million shares were repurchased for $150 million, reflecting a commitment to shareholder returns [5] Growth Pipeline and Exploration - Development projects are advancing at Canadian Malartic, Detour Lake, Upper Beaver, and Hope Bay, with exploration work on schedule and promising results, particularly at Hope Bay [6] - Engineering work at San Nicolas in Mexico is nearly 30% complete [6] Strategic Focus on Critical Minerals - Avenir Minerals will operate independently while Agnico maintains a right of first refusal on new projects, allowing the company to focus on gold while exploring opportunities in critical metals [8][9]

Core Viewpoint - Robex Resources Inc. is making significant progress on the Kiniero Gold Project in Guinea, with mining operations underway and construction on track for the first gold pour in Q4 2025. The company also reported continued strong performance at the Nampala Gold Mine in Mali despite challenging conditions [1][5][7]. Group 1: Kiniero Gold Project Progress - The Kiniero Gold Project construction is on schedule, with mining operations having commenced and ore being delivered to the run-of-mine (ROM) pad [3][6]. - Key milestones achieved include major progress on the process plant, completion of critical concrete works, and advancements in the installation of CIL tanks and SAG mill [4][12]. - The project has recorded over 4.8 million lost time injury (LTI)-free hours, reflecting a strong safety performance [7][29]. Group 2: Nampala Gold Mine Operations - During the September 2025 quarter, Nampala produced 9,774 ounces of gold, with year-to-date production totaling 34,401 ounces at an all-in sustaining cost (AISC) of C$2,555 per ounce [25][29]. - The total material mined at Nampala was 1,941,442 tonnes, comprising 353,818 tonnes of ore and 1,587,604 tonnes of waste, resulting in a stripping ratio increase to 4.48, a 64.7% rise from the previous quarter [25][29]. - The average realized selling price for gold was C$4,518 per ounce, significantly above the budgeted C$3,197 per ounce [39]. Group 3: Financial Developments - Robex raised C$148.2 million through the acceleration of the expiry of its 2024 warrants, strengthening its balance sheet and demonstrating strong investor confidence [7][38]. - The company amended its US$130 million senior facility with Sprott, unlocking up to US$90 million to support the Kiniero Gold Project development [7][33]. - The company’s issued capital increased from 218,202,805 shares at the end of June 2025 to 244,079,269 shares by the end of September 2025 [34]. Group 4: Community Engagement and CSR - Robex maintained strong engagement with host communities through various social initiatives, including the construction of community centers and improvements to local healthcare services [15][27]. - The company contributed approximately C$353,000 to the local mining development fund and supported education and training programs for local youth [27][39]. - Environmental and safety practices were emphasized, with no reportable environmental incidents during the quarter [29][39].

Core Points - Amex Exploration Inc. has been awarded the Discovery of the Year by the Quebec Mineral Exploration Association for its significant contributions to mineral exploration through the Perron Gold Property [1][2] - The Perron Gold Project has demonstrated strong continuity, geological significance, and compelling economic potential, leading to increased exploration activity in the region [2][3] Company Achievements - The Perron Gold Property has revealed multiple high-grade gold zones, including the Champagne Zone, which features some of the highest-grade gold intercepts reported in Canada in recent years [3][4] - The ongoing drilling and exploration at Perron indicate a robust mineralized gold system with continuity and scalability, positioning it as one of Quebec's most promising gold discoveries [4][6] Economic Potential - The updated Preliminary Economic Assessment (PEA) indicates a Gold Mineral Resource Estimate of 1.615 million ounces of Measured & Indicated at 6.14 g/t Au and 698,000 ounces of Inferred at 4.31 g/t Au [6] - The project has an Internal Rate of Return (IRR) of 148.7%, a Net Present Value (NPV) of C$3.2 billion, and a cash flow of C$5.1 billion with a payback period of only 0.2 years [6] Industry Impact - The award reflects the potential of the Perron discovery to inspire renewed exploration interest throughout the Abitibi region, reinforcing Quebec's status as a premier mining jurisdiction [3][4] - The project benefits from excellent infrastructure, being accessible by a year-round road and located near major gold producers' processing plants [11]

QUEBEC CITY, Oct. 31, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc. (“Robex” or the “Company”) (TSX-V: RBX | ASX: RXR | OTC: RSRBF | Börse Frankfurt: RB4) is pleased to report on its activities for the September 2025 Quarter. Robex owns the Nampala Gold Mine in Mali and continues to make strong progress on the construction of the Kiniero Gold Project in Guinea, which remains on schedule for first gold pour in Q4 CY25. Highlights: Robex and Predictive Discovery (ASX: ...

Core Points - Fresnillo is proposing to acquire Probe Gold Inc. in an all-cash deal, marking a significant milestone in its growth strategy [2][3] - Probe Gold is a gold developer listed on the Toronto Stock Exchange, owning the Novador Gold project and a substantial exploration land package in Quebec and Ontario, Canada [2][3] - This acquisition represents Fresnillo's first major investment outside of Mexico, highlighting the company's expansion into Canada, which has a strong partnership with Mexico [4]

Core Insights - Ghana is conducting its most extensive mining sector audit in a decade, focusing on major gold producers to recover lost revenue and enhance regulatory oversight [1][2] - The audit will involve leading gold mining companies and is scheduled to take place from November 1, 2025, to June 2026 [2][5] Group 1: Audit Details - The audit will target major gold mining companies including AngloGold Ashanti, Asante Gold, Gold Fields, Newmont, Perseus, and Zijin [2] - The process will be carried out by government auditors, forensic accountants, and independent consultants [2] - Companies are required to submit ten years of production logs, three years of financial records, relevant permits, stockpile inventories, and shipping manifests by October 31 [3] Group 2: Economic Context - The mining sector generated 17.7 billion cedis ($1.68 billion) in 2024, supported by a 25.1% increase in gold output [5] - Ghana expects gold production to reach 5.1 million ounces in the current year, an increase from 4.8 million ounces previously [5] - Mining is a crucial sector for Ghana's economy, which is also the world's second-largest cocoa producer [4] Group 3: Historical Context and Opinions - The last mining sector audit was conducted in 2015, and some companies contested the findings of that audit [6] - An economist suggested that special audits should be conducted annually to inform tax policy and unlock the sector's revenue potential [7]

Core Viewpoint - Newmont Corporation (NYSE:NEM) is considered one of the best stocks to buy and hold for the next decade, with various analysts providing differing price targets and ratings based on recent performance and future expectations [1][3]. Analyst Ratings and Price Targets - TD Cowen analyst Steven Green maintained a Hold rating on Newmont Mining with a price target of $89.00 as of October 27 [1]. - Raymond James analyst Brian MacArthur raised the price target on Newmont to $99 from $96 while maintaining an Outperform rating after the company's Q3 2025 earnings report [2]. - Canaccord Genuity's Carey MacRury also maintained a Buy rating on Newmont with a price target of $115.00 [3]. Production Expectations - Newmont's attributable gold production for 2026 is expected to fall within the same guidance range provided for 2025, likely leaning towards the lower end of that range [2]. Company Overview - Newmont Corporation is involved in the production and exploration of gold properties, as well as exploring for copper, silver, zinc, lead, and other metals [3].

Acquisition Overview - Fresnillo plc will acquire all outstanding common shares of Probe Gold Inc via a Plan of Arrangement[11] - The consideration is C$3.65 per share of Probe, payable in cash, totaling an equity value of approximately C$780 million (US$560 million)[11] - This represents a 24% premium based on Probe's 30-day VWAP[11] - The transaction is funded with Fresnillo's cash on hand, which was US$1.8 billion as of June 30, 2025[11] Probe Gold Inc Assets - Probe Gold Inc has a large resource base of 10 million ounces of gold, including 8 million ounces at its flagship asset Novador[10] - Novador has the potential to produce over 200,000 ounces of gold per annum over 10+ years[10] - Novador's total resources are 7,955 Koz Au (kilounces of gold) with a tonnage of 208 Mt (million tonnes) at 1.19 g/t (grams per tonne)[26] - Other Deposits total resources are 2,050 Koz Au with a tonnage of 31 Mt at 2.10 g/t[26] Strategic Rationale - The acquisition provides Fresnillo with a strategic entry into Canada, specifically the Val d'Or mining camp in Quebec[10] - Probe Gold Inc has a large, underexplored land package of approximately 1,798 km2[10] - The acquisition is expected to generate strong returns for Fresnillo and adds a high-quality development project to its pipeline[10]

Core Insights - Newmont Corporation is a leading mining company focused primarily on gold production, with a market capitalization of $94.4 billion and operations across multiple regions including the Americas, Caribbean, Africa, and the Indo-Pacific [1] Performance Overview - Newmont's stock has significantly outperformed the broader market, with a 121.1% increase in 2025 and a 75.4% rise over the past 52 weeks, compared to the S&P 500 Index's 16% year-to-date gains and 17.4% returns over the past year [2] - However, Newmont slightly lagged behind the iShares Global Gold Miners ETF, which saw a 121.2% surge in 2025 and 83.8% returns over the past year [3] Financial Results - In Q3, Newmont reported sales of $5.5 billion, a nearly 20% year-over-year increase, exceeding consensus estimates by 11.1% [4] - The adjusted EPS for Q3 soared 111.1% year-over-year to $1.71, surpassing expectations by 32.6% [4] - The company generated $1.6 billion in free cash flows, marking the fourth consecutive quarter with over $1 billion in free cash flows [4] Production and Market Concerns - Newmont produced 1.4 million gold ounces during the quarter, benefiting from high gold prices [5] - Recent declines in gold prices since October 21 have raised concerns about the sustainability of Newmont's financial performance, with potential impacts on Q4 results [5] Future Expectations - For the full fiscal year 2025, analysts project an adjusted EPS of $5.75, reflecting a 65.2% year-over-year increase [6] - Newmont has a strong earnings surprise history, having exceeded bottom-line estimates in each of the past four quarters [6] - The consensus rating among 21 analysts covering the stock is a "Strong Buy," based on 15 "Strong Buys," two "Moderate Buys," and four "Holds" [6]

Core Insights - Lake Victoria Gold Ltd. (LVG) is mobilizing a second multipurpose drill rig to expedite drilling at the Imwelo Gold Project in Tanzania, which is fully permitted [1][2] - The current drilling program consists of twenty-four holes totaling 4,000 meters, with the first three holes already completed and assays pending for the first two [2][3] - The company aims to complete the drilling program by the second week of December 2025, enhancing the momentum towards production readiness [2][3] Company Overview - Lake Victoria Gold is a growing gold exploration and development company listed on the TSX Venture Exchange, focusing on the Lake Victoria Goldfield in Tanzania [5] - The company holds a 100% interest in the Imwelo Project, which is fully permitted for mine construction and production, positioning it as a near-term development opportunity [6] - LVG has a highly experienced team with over 60% of shares owned by management, directors, and partners, indicating strong insider confidence [7] Drilling Program Objectives - The drilling program at Area C aims to refine the final pit design, improve resource confidence, and test down-dip extensions to enhance resource growth [8] - The program includes collecting core samples for metallurgical testing to validate recoveries and inform early mine sequencing [8] - Early visual observations from the first three holes have shown multiple zones of quartz veining and alteration, aligning with the company's expectations [3]